The balance sheet method is used to estimate the balance of the Allowance for Doubtful Accounts account

Question:

The method is used to estimate the balance of the Allowance for Doubtful Accounts account for the end of each quarter. The program has analyzed all and calculated the estimated balance of the account to be $2,190.50.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...